New U.S. homes are now cheaper than existing homes for the first time in 50 years of available data. Q1 median prices were $403,200 for new homes versus $404,60

New U.S. homes are now cheaper than existing homes for the first time in 50 years of available data. Q1 median prices were $403,200 for new homes versus $404,600 for existing homes, as builders cut prices and offer incentives to sustain sales.